11.28 Morning BTCÐ Trading Strategy
On Friday, the expectation for a rise was dashed. BTC faced strong resistance twice at 92000, showing a lack of bullish momentum. The 1-hour MACD has formed a death cross, with green bars expanding, indicating that bearish momentum is continuing to increase.
Operation Suggestions:
- BTC: Short in the range of 91500-92000, target 90000, with a break below looking at 88000;
- ETH: Short in the range of 3030-3060, target 2970-2900, with a break below looking at 2850.$BTC $ETH
